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Search Results 0 to 47 of about 48 (some duplicates have been removed)
that washington could be on the verge of its first-ever default. the big question now, how might wall street react this morning? >> it's unthinkable that this country will not meet its obligations on time. it's just unthinkable that we'd ever do that. >> reporter: a market slide could affect what you pay for mortgages, car loans, financing college. right now, washington is stuck on the timing. democrats and republicans want to tighten this up now. >> i don't think they have they choice. >> reporter: republicans want a short-term deal. cut $1 trillion now. and then, more cuts through the elections. >> and not some short-term gimmick. >> i know the president's worried about this next election. my god. shouldn't we be worried about the country? >> reporter: speaker boehner told conservatives to be ready to make compromises. >> if you break it, you own it. >> reporter: has the world been looking at all of this? one english official says right-wing nutters, as he calls them, in congress, are causing more of a problem for the economic economy than the crisis in europe. >>> the man accused in the massacr
feeling. >> i can't wait to see you in new york. start that race together and give you a big hug at the finish line. >> sounds good. can't wait to see you. >> if you want to follow along with me or any members of the six-pack, logon to cnn.com/sanjay. thanks for being with us this morning. time now to get you back into the cnn newsroom for a check of our big stories. >>> this from the cnn center in atlanta, georgia, this is your saturday morning, k a.m. eastern time and i'm t.j. holmes. two developing stories. first the president summoning congressional leaders back to the white house for a saturday morning conference. this comes the day after the house speaker, john boehner walked out on debt talks. the president calling them right back. >>> also the developing story out of norway where at least 91 people have been killed in two separate attacks in norway. police there say these two attacks are, in fact, linked. still a developing story. we'll have the very latest for you live in just a moment. we need to begin in washington, d.c. with that looming deadline on the nation's debt.
of some instruments that could -- showing, you know, trouble in the lending market. >> the big question is, will washington let that happen, and right now that answer is not any clearer than it was yesterday morning. we begin with breaking news, though. this titanic struggle that's continued to go on right now to end the debt crisis before next tuesday's deadline. here's a live look at the capitol where overnight, infighting among republicans forced house speaker john boehner to yank his debt bill. they thought there was going to be a vote last night. there is hope he will try to pass it again today. in four hours the speaker will again sit down with fellow republicans and again try to entice just a handful of hardline conservatives to fall in line. >> the bill's not perfect. i never said it was perfect. nobody in my caucus believes it's perfect. but what this bill reflects is a sincere, honest effort to end this crisis in a bipartisan way to send it to the senate where it can receive action. >> now the speaker's bill would cut $900 billion from the budget over ten years in exchange for a
, indeed. they raised the stakes earlier on, making a big deal saying he no longer wanted to work with the white house, and yet we're hearing he's going to be at the white house tomorrow morning for more meatings. how is the white house iraqing to this? >> there's a lot of talk about the fact the president has put in repeated calls to speak eer boehner as the president tells it, in order to get a response. the white house made an outreach, an overture of the outline, and the president called speaker boehner's office first, and was told that speaker boehner wasn't available to talk to the president. this is not your stand protocol in president. you make yourself available to talk to the president or shortly thereafter. there is frustration about that expressed here, but there is still an openness and a willi willingness on both sides to negotiate because everybody wants to get the debt ceiling raised, and here, also, they say maybe this obama/boehner framework could be the deal in the end, so it's still not off the table from this perspective. >> you say there's a willingness on bo
questions. on the one hand, he loses a day and there are only six days to go. so that is a big deal. the other thing is that what is more important is the loss perhaps in credibility. the speaker said his plan was going to, you know, save something like over a trillion dollars. but it only saves about $850 billion. so that's a bill difference, too. a question of credibility. on the other hand, he buys some time, because there are a number of people in the house of representatives, some of whom who actually spoke out last night and said this thing is not going to pass. i'm not going to vote for it. he gets a little bit more time to try to drum up the support he needs, because once he puts something on the floor, he has got to get a yea vote. >> all right. dan, you know, there is some talk of a band-aid slash patch approach. what would that do? >> reporter: well, look. a message you've heard from the white house last week or so, that the president does not embrace a short-term deal, but if, in fact, it does appear that there is some compromise happening, that both sides have agreed to
, and then there is the big story out of washington this morning. after another dramatic b bakdown in the debt ceiling talks, the president is now demanding that congressional leaders come to the white house this morning as we enter the home stretch of a political showdodo during which the entire economy, which affects all of us, is essentially being held hostage. >> remember that august 2nd deadline is around the corner. a lot of finger pointer between the president and the speaker. we'll get into that. >>> but we are going to begin overseas where we're just now beginning to understand the scope of the shocking twin attacks in norway. at least 84 people were killed at that youth camp on an island outside oslo where a gunman dressed as a police officer went on a horrific rampage. he pulled out a handgun and opened fire at everyone in sight, and for many, the only escape was the water. take a look at this video. so startling, teenagers swimming for their lives. >> just a couple of hours before this, at least two blasts tore through buildings in the capital city of oslo. such an unlikely target for terror. no
mean they've got to pass something big and get it implemented quickly if we're not going to blow past that anyway. >> they really do. you heard secretary geithner yesterday saying that essentially we're running out of runway now and this is something that everyone has been dealing with for many, many months. what speaker boehner, according to one republican source, told gop lawmakers yesterday, is that they have to vote on some kind of a plan by wednesday and they have to post it on-line by today. so, you know, these are pretty tight deadlines that they're up against right now and last check, you know, they're still not close on a deal yet. nonetheless they have to get something done as he pointed out by wednesday to meet that august 2nd deadline. >> they don't have to be tight deadlines. >> never has to be tight deadlines. >> this is a crisis made in washington. >> as mark preston told me about half an hour ago, on the phone, he said guys, it's washington. that's -- >> this is how it always works. >> we'll be with you, talking many times. i have to tell you, grover norquist, the pres
. the good news is, the pattern is changing. it's going to take a little while. right now here's that big upper-level ridge, but we're getting a little cooler air coming in. this, though, back in canada, this is where the real relief comes. as we move into the early part of next week, by tuesday, the heat breaks in the north east. seasonal in the mid atlantic states. unfortunately for our friends in the south and the southwest and gulf coast the heat goes on. ann? >> thank you very much. we'll get the rest of the forecast coming up. let's turn to what anne thompson was talking about, the idea of how dangerous the temperatures are. we're have dr. nancy snyderman with more tips. just remind us. who is most us is is sepsuscept? >> the heat wave like this, elderly and the very young people with breathing conditions. but right now, frankly, everyone is at risk. it's a reminder that as many people die of heat-related illnesses than all the natural disasters. that includes tornadoes, hurricanes, snow issues. number one thing, ann, is called heat stroke. that's where you're literally, your core b
. if they manage to defeat this vote today, this is going to be a big, big problem for markets. if they don't, you may see markets continue to tread water until there is a solution to this. now, remember, speaker boehner's plan is not likely one that is going to pass the senate. not likely one that is going to get past the president. the bottom line if there is some sense boehner has better control of h over hi members you may see markets allowing a little bit more time. right now markets are largely relaxing but ready to move if this doesn't go the right way. >> thanks, guys. >>> at the bottom of the hour, we will go to wall street for the opening bell and answer a question many of us have right now -- should we take our money out of the stock exchange and where do we put it if so. we will talk to a financial analyst about that. >>> cnn obtained dramatic new video taken minutes after the bombing of the government buildings in norway. it was shot by a hamburg who works in oslo and driving through a tunnel beneath the city's government plaza when the bomb went off. eight people killed. he recorded
no way, that they're not happy with what speaker boehner put forward for them? >> look, that is a big part of whatever takes place here, because they'rele really digging in. there's some house members who say no new taxes whatsoever, even on the wealthy americans, and the president saying that you need to get some kind of revenue here in order to make the system work for the long term health of the economy. that's very important. what can they come up with that can woo over those republicans who are being very clear about not wanting those taxes to go up. >> dan lothian, thank you. >>> all right. so the two plans on the table right, the democratic backed senator reid plan and the republican led plan from senator -- speaker boehner. let's begin with senator reid's blueprint, cuts $2.7 trillion over the next decade. a big piece is what senator reid calls the winding down of the wars in iraq and afghanistan. that will save $1 trillion. republicans have called that a gimmick, savings from wars that are winding down, even though by the way, the same savings were counted in some republican
. the personalities here. there is a collapse here. i think what is important in the big picture is it was groundhog's day over the collapse although yesterday was a very dramatic day. that is tax increases. when you heard the speaker saying that the president had moved the goal post, he was talking about an insistence on $400 billion in tax increases that he said essentially the white house put there on the table at the last minute. then you heard from president obama yesterday, a very frustrated president obama, that he did not understand why the speaker was walking away from really what the white house sees as a sweet deal considering how much it has wrinkled the rank and file. you heard the president say he felt like he had been left at the altar by speaker boehner. let's listen to both sides. >> i just got a call about a half hour ago from the speaker himself. can they say yes to anything? we have now put forward a package that would significantly cut deficits and debt. it would be the biggest debt reduction package we have seen in a long time. it is hard to understand why speaker boehner would
against dominique strauss-kahn. cnn has learned there is a big meeting this morning at the manhattan d.a.'s office. are the charges against the former imf chief about to be thrown out? >>> and the media demanding to know the identity of every juror in the casey anthony trial. the judge has to comply. why don't we have the names? >> can we get help here? how the guy got stuck head first in a sewer. 14 minutes past the hour. [ male announcer ] you have dreams for your children. don't let times like these stand in the way of them. protect your family with the gift of financial security. backed by the highest possible ratings for financial strength. new york life. the company you keep. backed by the highest possible ratings for financial strength. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. like new splenda® essentials™ no calorie sweeteners. this bowl of strawberries is l
and a few tears. and it's indescribable. >>> back to the big news in the nfl this morning. the owners and players have now agreed on a deal. it's not just the fans that are cheering but you've got businesses in every city with an nfl team that are sooighing wit relief here. david mattingly joining us. tell us what this means because it goes much more beyond the game. >> you look at the nfl. they have $9 billion in revenue. when you look at each individual city, take atlanta, for example, they had two preseason games last year and eight regular season games. that brought in $56 million into the economy. so you can see that in just about every nfl town everywhere there is a game going on. you were talking about all the people who work at the games and everything like that. >> sure. >> these teams have a lot of people depending on them getting on the field. that is about to happen. we got confirmation today that we will have a vote from the players union today. they're going to be taking it to, first, the players' representatives. >> okay. >> the representatives will take it to the rank
with the big screen. it's a really cool idea. >> it's like a little mini reunion as well. you get to see guys like you and other teammates. we get to tell lies and see who has the biggest. it's great. >> just think what we have done in 30 years and coming back for a superbowl celebration. pretty good seeing the guys we haven't seen for years and we are still thinking about it. it's awesome. >> it was a great event. the fans loved it. the bond my teammates had is forever and we enjoyed seeing each other. it was amazing watching the game again. seemed like yesterday but it was 30 years ago. all right. are you ready for football? looks like we are a step closer to the lockout being listed by next week. the nfl executive board is expected to vote monday, recommending sing the agreement put forth by the owners. players have to vote and they could start reporting as early as wednesday. players would also vote on recertifying as a union. a lot of details still have to be worked out and teams probably won't be able to start signing free agents until next weekend. that's when the niners have to decide
-term extension of the debt ceiling, that this take the debt ceiling to a point -- it's a big enough extension that it wouldn't have to be raised until after the november 2012 election. listen to the president and take a sense of his mood yesterday. actually i guess we do not have sound, fredricka. >> let me ask you, brianna, we know that john boehner was there. who else was at this meeting, so we can get a little color as to who was present and what the dynamics may have been? >> reporter: that's right. we're waiting to see if staff went in in the end as well. we don't have those details. but it was a smaller meeting. it was president obama and speaker john boehner hours after this thing has fallen apart and after weeks of a lot of cordiality between the speaker and the president. that was interesting to know a few hours later -- you had the minority leader in the house, nancy pelosi, was there. harry reid and mitch mcconnell were there. all key players because the understanding is that, of course, in the house, this will require votes from democrats and republicans. and right now, the ball i
son would have killed himself rather than slaughter dozens of people. >>> bp has a big turnaround. the company raked in more than $22 billion in profits for the quarter! >>> the debt, minute-by-minute, the nation inches closer to the brink of twault. the countdown less than seven full days before the federal government runs out of money and unable to pay its bills. in washington a stark message is delivered between the president and the speaker of the house. their parties are desperately divided and you and i are about to pay the price. we are covering all of the angles from wall street to the white house. ali velshi getting really creative and looking at the cost americans could face even before time officially runs out. of course, dan lothian with the politics and the posturing. ali, let's start with you. the markets open this hour, okay? how is the debt issue going to impact things today and the rest of the week? i know yesterday, you kept saying give me a little more time and i'll let you know when to worry but how many times can we say that? we are not worried yet. we are wat
's family called him a big bear, killed while trying to save his friends. some of the victims were immigrants or children of immigrants, people hated so much by the killer, 32-year-old anders breivik. he used bullets to explode inside the body. they said they had never seen so much destruction. survivors are traumatized. >> i knew it was over. i knew this was, i'm going to die now. >> reporter: adrian, 21 years old. >> screamed out that he was going to kill us all that this was the day that we must dionne. >> reporter: adrian was shot in the neck and shoulder. he played dead. and anders breivik moved on. most of the teenagers had cell phones and called home. anguished parents called the police, and some texted their children throughout the ordeal. the first message from judy, 16 years old, mummy, tell the police to come quick. people are dying here. her mother couldn't leave the kitchen table. she answered, the police know. they've had many calls. give a sign of life every five minutes. julie, we are in fear of our lives. mother, i understand. stay hidden. as minutes dragged by and
opponents. from everything i've been reading trying to keep up with all of this, the big difference here from the democrats' side there's no mention of revenue increases, correct? >> huge concession from democrats. the whole time democrats say there must be revenue on the table, republicans say they can't be. now democrats are dropping that huge demand. here is what supporters would say. this plan gets it done. they would say we're out of time. we're in the going to push for all of our demands anymore. we are backing down in the interest of the country. that's what democrats will say. republicans say, wait a minute, we think this is a setup. we don't think these spending cuts do as much as you say. he don't believe $1 trillion in war money is necessarily real. we also think this doesn't do enough long-term. they say this is not as hefty as democrats claim. does that make sense? >> sure. let me point something out, though. we know harry reid said something that made us wonder, talking about the tea party influence in the different debates and discussions. take a listen and i'll pose a que
. saved a bunch. that's a reason to switch. big savings -- it's a good look for you. [ blower whirring ] [blower stops] the safety was off. out there with a better way. now, that's progressive. >>> jury selection has started in the trial of polygamist leader warren jeffs, charged with sexual assaulted on a child and bigamy. police arrested jeffs after raid on the ranch run by his church in 2008. the fundamentalist chur of jesus christ of latter day saint saints is a breakaway sect of the mormon church. gary tuchman is here to talk about this. these are the most serious charges in terms of this trial he has ever faced. >> the most tearious charges, the viewers heard about warren jeffs a long time, on the fbi ten most wanted list, he was convicted in utah of a less serious charge but overturned because of faulty jury instructions. arizona dropped their charges because arizona convicted him no longer valid, now, very serious charges two charges of sexual assault against two girls 12 and 13 years old, jeffs accused of having relationships and a baby with the 13-year-old. very serious. what
legend willie mays was also there. >>> san francisco leads the national league west and open up a big series against the phillies tonight. as for last night's baseball we get highlights from espn news. >>> i'm aneesh shroff with this espn news update. we begin in the bronx. the yankees and mariners. seattle, on a 15-game losing streak and, boy, did not look fromomhe get-go. mark teixeira, two-run shot to deep left. his 27th of the year. yanks take a 2-0 lead. in the third, got a little captain in you. derek jeter, opposite field, fourth home run of the year. yanks go on to win 10-3. the mariners have now lost 166 n a row. >>> the red sox enter play, three-game lead on the yanks in the a.l. east, 14th inning against the royals. pops it up. but gets the run home. kansas city would get an insurance run in the 14th then soria gets the final three outs. royals take it, 3-1. >>> twins and rangers. opener of a four-game set, bottom one, michael young with two on. peace. three-run shot, 3-0, texas, young, 3 for 5, kinsler's turn in the third. another three-run homer. 4 for 6, four ribbies. 9-
themselves as kind of big part actors because they're being beamed to the worldment and wherever you have seen the tril trials by television now involving notorious people, the results normally got wrong way to public opinion. and create -- >> i don't know what you just said. >> take o.j. simpson case. >> goes the wrong way to public opinion. what does that mean? >> that means that public opinion had been driven, i think, by the saturation and coverage on television and all the commentary so that most people were directed to believe and, you know, i'm sure you wouldn't deny the fact you were directly able to think this that this woman killed her child. >> actually, i have a lot more respect for my viewers. i think they can make up their own minds. and also it's funny that you would say that. because in our constitution, i guess you can compare it to the legislative history, the legislative minutes when laws are enacted in our country. someone is taking down everything that's being said as laws are passed by congress. we had something similar to that when the constitution was written. and
is the big weather killer. >> you're going to have a good point. stay hydrated. >> drink a lot of that. >> yeah. >> no alcohol. stay away from that. >> especially not this early. ,,, >>> the empire state building in a hot day in new york city. welcome back to the show. i'm russ mitchell. the republican party is battling president obama over raising the debt ceiling. time is running out. congress is not seem to be closer to a deal. we put together a special panel of independent voters who will tackle the question of who's to blame? jim avalon and margaret hoover are helping our series come up with some answers. that's coming up in a few moment ms. you guys look ready to go. >> ready to go. >> but first up, it's rebecca. >>> tomorrow, new york becomes it sixth state to make same-sex marriage legal. this is a huge weekend for new york city mayor michael bloomberg. the mayor will officiate the top members of this staff who personalized this issue for him. commissioner of consumer affairs jonathan minsk and chief policy advisor, john finebeck. you've been officiating. you've only done this
is next to the big building you can see behind me, that's the government building. suddenly i feel an intense shock. the entire building was shaking for a few seconds and immediately my first thinking is, my goodness this, is an earthquake. but then i realized, you know, we're not prone to earthquakes in this part of the country, at least. that shaking subsided and i realized immediately, this has been an explosion. i looked outside my window, fortunately, my window stayed intact. but the windows and the nearby buildings were shattered. we tried to evacuate immediately. we tried to get through the main entrance and it was facing the government building. shattered glass everywhere. we couldn't go through there. i had to walk from behind. i went to the front of the building. i saw one person on the ground attended to by other people. and i was just taking photos and videos and sharing it on twitter and facebook. >> laurus, the attack -- >> absolutely. >> what we're seeing out of this and the visuals we're ge egg tt out of the united states is tragic. this is the worst in norway. can
is making sure they is the down and talk about their finances. that's a big huge discrepancy of income, how much is he going to contribute, she going to contribute, newly married, lot of conversations need to be had. >> or before you walk down the aisle. if you have questions for experts send us an e-mail any time. >>> debt he ceiling deadline is one week away, one week from the day we have been warned all financial hell can break lose unless washington increases the country's borrowing power. while plenty of bickering, there's no sign anyone is willing to compromise on a deal to increase the credit limit. this hour veterans groups simmoned to the white house to be briefed on what could happen to their ranks if the debt ceiling isn't raised. also a vote could come tomorrow on competing debt ceiling bills one proposed by harry reid and the other by the speaker of the house john boehner. right now i want to bring in jay powell. he served as treasury under-secretary under the first president bush." mr. powell great to have you on. just so set the stage, we've been talking a lot about debt ceil
Search Results 0 to 47 of about 48 (some duplicates have been removed)